M&A Deal Summary

Caledonia Private Capital Acquires DTM

On August 19, 2024, private equity firm Caledonia Private Capital acquired automotive company DTM from Palatine Private Equity

Acquisition Highlights
  • This is Caledonia Private Capital’s 1st transaction in the Automotive sector.
  • This is Caledonia Private Capital’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2024-08-19
Target DTM
Sector Automotive
Buyer(s) Caledonia Private Capital
Sellers(s) Palatine Private Equity
Deal Type Secondary Buyout

Target

DTM

Blackpool, United Kingdom
DTM is an independent tyre management company formed specifically to work with customers giving them a real choice of brand and service provider. Typically the service demands of customers in today's market are numerous; therefore invariably the requirement to use numerous different options exists but is too complex and time-consuming for the customer to manage. DTM was founded in 2004 and is based in Blackpool, United Kingdom.

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Buyer(S) 1

DESCRIPTION

Caledonia Private Capital is the private equity investment arm of asset manager and investment trust Caledonia Investments Plc. The Firm looks to acquire and invest in UK middle-market businesses valued from £50 to £125 million. Sectors of interest include in financial services, consumer services, industrial, healthcare, leisure, engineering, and real estate management. Caledonia Private Capital is based in London.


DEAL STATS #
Overall 6 of 6
Sector: Automotive M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 3
Country: United Kingdom M&A 3 of 3
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-21 AIR-serv

Lancashire, United Kingdom

AIR-serv is a designer and manufacturer of air, vacuum and jet wash machines which it provides as turn-key solutions to fuel station forecourt operators. AIR-serv is based in Lancashire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-30 Bloom Engineering

Pittsburgh, Pennsylvania, United States

Bloom Engineering designs and manufactures combustion products, systems, and services that achieve optimal productivity, efficiency, and environmental performance for the metallurgical and process heating industries worldwide. Bloom Engineering was founded in 1934 and is based in Pittsburgh, Pennsylvania.

Sell $69M

Seller(S) 1

SELLER

Palatine Private Equity

Manchester, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 570M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Palatine Private Equity is a UK based private equity firm focused on investing in businesses valued up to £50 million. The Firm generally looks to fund profitable, cash-generative companies with strong management teams and established market positions, however, Palatine will also consider turnaround situations. Target sectors include retail/leisure, business outsourcing, financial services, healthcare, and niche manufacturing. Prospective transaction types include management buyouts/buy-ins, consolidations, growth capital financings, and restructurings. Palatine was originally formed as Zeus Private Equity in 2005. The Firm has offices in Bristol, Manchester, and London.


DEAL STATS #
Overall 25 of 26
Sector: Automotive M&A 1 of 1
Type: Secondary Buyout M&A Deals 14 of 15
Country: United Kingdom M&A 25 of 26
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-24 NRG Riverside

Lancashire, United Kingdom

NRG Riverside is a rental provider of specialist waste collection vehicles serving communities in the UK directly and indirectly in providing waste collection vehicles under long-term contracts and on a rental basis. The Company has an integrated offering of lease or rental of vehicles, repair and maintenance, and regulatory compliance services, which is highly valued by customers and generates high levels of contract renewals and recurring revenues. NRG Riverside was formed in 1996 and is based in Lancashire, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-23 BluprintX

Liverpool, United Kingdom

BluprintX is a global MarTech, SalesTech & CX technology consultancy working with multinational clients to deliver consistency at speed, achieve greater velocity with fewer resources and drive predictable growth. Partnering with leading MarTech and SalesTech vendors including Adobe, Salesforce, Oracle, and many other best-in-class platform providers, the company brings in-depth experience to support clients in overcoming today’s common marketing and sales challenges. BluprintX was formed in 2012 and is based in Liverpool, United Kingdom.

Buy -